Challenges of Business in South Africa

Business

The global average economic growth is outpaced by the numbers in sub-Saharan South Africa. It was the past few years that changed the game for the country and the economy. The increase in investment in the banks has led to the boost of the continent’s growth to more than 5%. South Africa is the continent’s powerhouse and driving force behind expansion. The broad-based economy in Africa can match the first-world countries. Dealing with construction permits, getting electricity, registering property, enforcing contracts, trading across borders, and paying taxes are some of the challenges all businesses face before they can contribute to the local economy’s growth.

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